A quick review of the announcements will give an indication why all this delay and heartache for the investors has occurred. When the original announcement that BLY was to be bought out it was a fairly simple equation. A cash component and a share (CDI) in the Canadian Corporation. It is not unreasonable to realise that there would be a consolidation 10 to 1, 20 to 1, 50 to 1; your guess is as good as mine. BUT the spanner in the works was the announcement of the majority interest in GlobalTech, this has added a new dimension to the negotiations, so I would not be surprised that the timetable we were given is not accurate anymore.
BLY Price at posting:
0.4¢ Sentiment: None Disclosure: Held